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TICKERS: EGT; EGTYF

Home Energy Storage System Firm Expands California Sales Coverage
News Update

Source:

Thirty-one dealer partners were added in the last month.

Eguana's AC Battery Model

Eguana Technologies Inc. (EGT:TSX.V; EGTYF:OTCQB) announced in a news release it expanded its West Coast sales team, adding 31 additional dealer partners over the past four weeks and hiring Al Delacruz as a third manager.

In addition, the company and distribution partner CED Greentech initiated a $1,000 rebate program for California homeowners who purchase an Eguana Evolve residential energy storage system between Nov. 1 and Dec. 31, 2019.

The two companies are already receiving orders as a result of this new program. Eguana and Greentech launched it in response to the pre-emptive power outages by California utilities to prevent wildfires, "a situation that is likely to become the norm, leaving consumers helpless with respect to their energy needs," Eguana CEO Justin Holland said in the release.

"An integrated battery solution like the Evolve is a simple, cost effective way for homeowners to keep their power on and limit the impact of revolving outages," he added.

"Eguana's goal in North America is very clearódeliver cost-competitive, best-in-class energy storage solutions to homeowners, allowing them to protect their family and assets from energy disruptions and become energy independent," stated Livio Filice, director of global sales at Eguana. "Evolve by Eguana supports seamless back-up power in the event of grid outages, an economical solution particularly for the people effected by the wildfires in California."

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